Nextreme's technology, which delivers high-precision cooling in an ultra-small form factor, is expected to help advance Laird's role in its existing thermal management business.

Nextreme and Laird currently have a strategic design and distribution partnership, but the acquisition enables wider market access to serve current and potential new customers in application areas such as solar power, according to the companies. In addition, Laird provides the ability to rapidly scale-up Nextreme's operations in order to exploit the full potential of these products.